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can't understand why retail investors won't simply buy at market. can see if your buying millions of shares but most are just trying to save 50 or 100 pounds lol Hope they don't get caught waiting.... well actually I do
The highest TiO2 grades were returned by nine consecutive samples in a single auger hole (A6), drilled to a depth of 8.9m, that contain between 4.10 and 9.01% total heavy minerals (specific gravity > 2.95) and grade between 3.17 and 4.09% TiO2. These samples were processed by heavy mineral separation and magnetic separation and the separated fractions were sent to XRD Analytical and Consulting CC in Pretoria for quantitative determination of the heavy minerals by X-ray diffraction ("XRD"). Results are given in the table below for vertical auger hole A6 positioned at co-ordinates 507971E 8482591N in UTM Zone 36S:
Geochemistry of the soil samples reveals anomalous TiO2 values around auger holes A6 and A11, suggesting potential for follow-up and indicating that soil geochemistry may be a useful regional exploration tool.
Mkango is planning an exploration programme of more extensive soil sampling, additional auger drilling, and mineralogical test work to identify rutile prospects across this potential new rutile province within the Mchinji licence. The exploration programme will be funded from the Company's existing working capital.
Rutile, anatase and ilmenite are naturally occurring TiO2 minerals, whose main uses are 90% for pigments, 5% production of titanium metal and 5% welding. Sierra Rutile owned by Iluka is the only high grade, large scale operating primary source natural rutile mine globally.
MKANGO ANNOUNCES RUTILE AND ILMENITE DISCOVERY IN MALAWI
London / Vancouver: September 15, 2020 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce the results of a reconnaissance shallow soil sampling and auger programme in its 869 square kilometre ("sq km") Mchinji licence (EPL 0544/19) in Mchinji district, Malawi, held by Mkango's 100% owned subsidiary MKA Exploration Ltd.
The results demonstrate the presence of interesting grades of rutile plus anatase (both naturally occurring mineral forms of titanium dioxide: TiO2) mineralisation of up to 1.07%, with overall TiO2 grades in the range 0.51 to 4.10% in auger samples and 0.14-2.38% in soil samples; also ilmenite grades of 1.30 to 3.40% (average 1.85%) - see table below.
The grade of the TiO2-bearing minerals in the highest-grading auger hole are in the range of 0.63 to 1.07% rutile plus anatase (average 0.73%) and 1.30 to 3.40% ilmenite (average 1.85%), hosted in free-dig saprolite material from surface.
Mkango's President Alexander Lemon commented:
"Mkango is focused on developing the Songwe rare earth deposit in Phalombe district in Malawi and is looking forward to completing the feasibility study. We are very pleased to add this new rutile and ilmenite discovery to our portfolio of projects in Malawi. These early stage results show similarities in terms of saprolite-hosted mineralisation to the recent rutile discoveries made on the adjoining Sovereign Metals Ltd licence to the east, and suggest the potential for discovering high-grade rutile deposits within Mkango's large licence area, in what could potentially be a new province of rutile mineralisation."
Twelve vertical auger holes were drilled to depths of 0.45 to 9.40m, for a total of 35.8m, from which 41 samples were collected. Available equipment was not able to penetrate beneath a shallow ferricrete horizon in the Ludzi river channel to test the assumed river sands beneath, and eight holes failed to reach more than 2m depth; new auger exploration equipment with improved ground cutting capability has been purchased and is currently being shipped to Malawi. The other four holes were drilled in saprolite on higher ground between the Ludzi's tributaries.
Soil sampling was carried out in pits dug to 50cm ('B horizon') on a 500m staggered grid in four areas of the licence, producing 134 samples.
Sample preparation and analysis was provided by Scientific Services laboratory in Cape Town, employing two-acid microwave digestion and ICP-OES techniques suitable for multi-element determination and following strict internal QAQC procedures inserting blanks and standards. Internal laboratory QAQC was also completed to include blanks, standards and duplicates.
Oleg SoloshchanskiyAside from being an ADVentures Partner, Oleg holds over 35 years of experience in real estate development, currently acting as Vice-President of the Russian Association of the Construction Industry and having held the position of President-CEO of JSC Inteco between 2001 – 2017, one of the largest real estate developers in Russia, with an asset value of over 1 billion dollars. Oleg is a Civil Engineer from the Moscow State University of Civil Engineering.
Dunno why this guy is slowly buying in here - you would hope he has some Russian investors keen on investing in Mkango and giving their support to get it producing
Last few days been watching, "The Long way up", with ol' Ewan Mcgreggor and Charlie Boreman. Their latest series follows them on their latest adventure in which they turn to completely electric vehicles including the Backup/chase vehicle, as they travel from the tip of South America, all the way up to Los Angeles in a bid to cover approx. 15,000 miles.
Brill series...only on episode 3 so far, but wow. Naturally there are limitations for fluid electrical supply at the start of their journey..but the concept is absolutely brilliant and tests the vehicles to their limits. The tech is making amazing headway as each year passes and you can easily see EV's as being the major replacement to carbon equivalents in the years to come...to a point where reciprocating engines will be confined to the museums.
Saying all the above.. I love the sound my motorbikes make lol.. but there are power advantages in Electric bikes for sure..BIG advantages! Would love to try a high powered version on a track!
Makes sense, many thanks! Also for your recommendation to DYOR (or better DMOR); just hoping to find a -more or less- serious and recent sector report, with names, metrics, etc. Maybe I've been too lazy, so far
I suspect the change of government has a lot to do with it. Why would MKA spend more cash if they were subsequently told to get lost by the new boys. Hopefully all good now but market waiting for something concrete supporting the project. Those who buy now face the most risk but could be massively rewarded.